Airport Security Market share to grow at 4.6% CAGR from 2016 to 2023

1
Airport Security Market share to grow at 4.6
CAGR from 2016 to 2023 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Airport Security Market

• Rising safety and passenger protection concerns
  due to increase in terrorist activities is
  expected to stimulate global airport security
  market size over the forecast period. Growing air
  traffic with the increasing air travelers owing
  to the time related factors and rising disposable
  income may contribute towards the industry
  demand. Increasing number of airports are
  investing in complex control command (C2) and
  integration solutions due to the high level of
  security offered by such systems. Moreover, these
  systems provide greater situational awareness.
• Increasing investment to upgrade legacy or
  disparate systems may further drive the airport
  security market growth in the future.
  Infrastructure development and growing number of
  new airports in Asia Pacific region including
  India and China offers ample opportunities for
  the industry. Moreover, enhancement of security
  technology that offers operators with better
  situational awareness greater efficiency, and
  increased security is anticipated to contribute
  to the airport security market size.

3
Continued...
Key insights from the report include Airport
cybersecurity market accounted for over 20 of
the global demand in 2015. Increasing terrorism,
and smuggling of premium goods has propelled the
segment growth. Growing demand for airline
security to avoid the serious disruptions through
cyber-attacks may enhance the airport security
market revenue. Screening technology was
worth over USD 4 billion in 2015. Increasing
adoption owing to the presence of the advanced
features including metal detectors, X-ray
machines and protection from sudden attack is
fueling the technology demand. The ability to
screen individuals and luggage to identify
endangered material will positively impact the
airport security market share. Asia Pacific
is anticipated to witness significant growth
owing to the attractive India and China airport
security market share and growth prospects. The
region accounted for over 25 of the global
revenue in 2015. Economic growth and improving
infrastructure are driving demand for advanced
security solution in the region.
4
Continued...

• Middle East Africa airport security market size
  is expected to witness notable growth due to the
  rise in the vulnerabilities and undesirable
  attacks in the countries including Saudi Arabia
  and the UAE.
• Prominent players in the airport security market
  include Smiths Detection, Safran Morpho, OSI
  Systems (Rapiscan), L-3 Security Detection, and
  American Science Engineering. Other notable
  players include, Bosch Security Systems,
  AutoClear LLC, CEIA, and Lockheed Martin.
  Technological innovations and increase in RD
  expenditure are among the key strategies adopted
  by participants to offer differential solutions
  to maximize market share.
• Owing to the emerging new threats and stringent
  government regulations, airports need planning
  coupled with the obligatory infrastructure to
  drive actionable intelligence. Such developments
  have led to the shift towards IP based networked
  and integrated platforms. These platforms help
  airports to reduce overall IT associated cost and
  the requirement for training.

5
U.S. Airport Security Market size, by technology,
2012-2023 (USD Billion)

6

Browse Full Market Research Report On Airport
Security Market _at_ http//bit.ly/2pcKzFD
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/367
7
Continued...

• Growing number of safety threats are compelling
  airports to become highly vigilant and are
  dictating the requirement for smarter security
  solutions. Such factors are driving investments
  towards the development of screening and
  identification technologies such as biometrics,
  RFID and prototype screening devices among others.

8
360 Analysis

• Technology Trends
• Screening segment accounted for the largest share
  of airport security market share in 2015, and
  will continue to dominate over the coming years.
  The segment was valued at USD 4.25 billion in
  2015. This is primarily owing to applications in
  screening individuals and luggage and ensure
  admission of materials that may not endanger the
  travel.
• Regional Trends
• U.S. accounted for over 85 of the overall North
  America airport security market share in 2015. It
  is estimated to continue its dominance owing to
  their highest infrastructural developments,
  presence of the key players and rising volumes of
  passengers across the region.
• Competitive Market Share
• Key industry players include Safran Morpho, L-3
  Security Detection, Smiths Detection, OSI
  Systems (Rapiscan), and American Science
  Engineering. Other notable manufacturers include
  AutoClear LLC, Bosch Security Systems, CEIA,
  Lockheed Martin, etc.

9
Stay In Touch Website www.gminsights.com Soci
al Media